New growth theory argues that, in advanced economies, economic growth stems less from the acquisition of additional capital and more from innovation and new ideas. On May 10, 2012, the Brookings Institution and the National Endowment for the Arts (NEA) hosted a symposium examining new growth theory as a tool for assessing the impact of art and culture on the U.S. economy, including the theory that cities play a major role in facilitating economic growth. The symposium featured papers jointly commissioned by the NEA Office of Research & Analysis and Michael Rushton, the co-editor of the Journal of Cultural Economics. The presentations were moderated by experts from Brookings, the U.S. Department of Housing and Urban Development, and the U.S. Department of Commerce.

The abstracts of the commissioned papers are available in a single PDF.

The sessions were videotaped and are archived below. Presenter PowerPoints are also available as PDFs.

Welcome

Bruce Katz
Vice President and Co-Director, Brookings Metropolitan Policy Program

Rocco Landesman
Chairman, National Endowment for the Arts

Panel 1: Creative Clustering

Moderator:
Bruce Katz
Vice President and Co-Director, Brookings Metropolitan Policy Program

Panelists:
Juan Mateos-Garcia
Research Fellow, Policy and Research Unit, Nesta, United Kingdom
Capital of Culture? Exploring the Relationship between Cultural Clustering and Productivity in English Cities
PowerPoint (pdf)
                                   
Stephen Sheppard
Professor, Department of Economics, Williams College
Culture Shocks and Consequences: The Connection between the Arts and Urban Economic Growth
PowerPoint (pdf)

Charles Gray
Professor, Opus College of Business, University of St. Thomas
The Arts as a Growth Engine? Evidence from Selected Metropolitan Areas
PowerPoint (pdf)

Discussion and Audience Q&A

[1:24:54]

Panel 2: Economic Growth and Innovation

Moderator:
Alan Marco
Deputy Chief Economist, U.S. Patent and Trademark Office

Panelists:
Margaret Jane Wyszomirski
Professor, Graduate Programs in Arts Policy & Administration, Ohio State University
Arts-Based Entrepreneurship in the New Economy and the Competition State: Developing Policy Options to Fit a Different Context
PowerPoint (pdf)

Bob Root-Bernstein
Professor, Department of Physiology, Michigan State University
ArtSmarts: Arts and Crafts Participation Correlates with Entrepreneurial Innovation among Scientists and Engineers
PowerPoint (pdf)

Douglas Noonan
Professor, School of Public Policy, Georgia Institute of Technology
Arts Districts, Universities, and the Rise of Media Arts
PowerPoint (pdf)

Discussion and Audience Q&A

[1:13:55]

Keynote Remarks

Edward Glaeser
Professor and Director, Taubman Center for State and Local Government,
Harvard University
Cities, New Growth Theory, and the Arts
PowerPoint (pdf)

Discussion and Audience Q&A

[41:46]

Panel 3: Capital Investment and Cultural Consumption

Moderator:
Michael Rushton
Associate Professor and Director of MPA and Arts
Administration Programs, School of Public & Environmental Affairs, University of Indiana; Co-Editor, Journal of Cultural Economics

Panelists:
Special presentation:
Rachel Soloveichik, Economist, Bureau of Economic Analysis
Counting Entertainment Works as Capital
PowerPoint (pdf)

Ann Markusen
Professor, Humphrey Institute of Public Affairs, University Of Minnesota
Arts, Innovation, and Regional Development: A Consumption Base Approach Cultural Enterprise Formation and Cultural Participation in America's Counties
PowerPoint (pdf)

Roland Kushner
Assistant Professor, Department of Accounting, Business and Economics,
Muhlenberg College
New Enterprise Formation and Cultural Participation in American Counties
PowerPoint (pdf)

[1:10:09]

Panel 4: Case Studies on the Arts and Economic Development

Moderator:
Valerie Piper
Deputy Assistant Secretary for Economic Development, U.S. Housing and
Urban Development

Panelists:
Richard Maloney
Assistant Professor, Arts Administration, Boston University
Funding the Arts to Stimulate Economic Development: The Adams Grant Program in Massachusetts
PowerPoint (pdf)

Lauren Schmitz
Ph.D. Student, Department of Economics, New School for Social Research
Do Cultural Tax Districts Buttress Revenue Growth for Budding Arts Organizations?
PowerPoint (pdf)

Jenny Schuetz
Assistant Professor, School of Policy, Planning and Development, University
of Southern California
Do Art Galleries Transform Neighborhoods?
PowerPoint (pdf)

[1:11:17]

Discussion: Arts and Economic Well Being

Interviewer:
Sunil Iyengar
Director, Office of Research & Analysis, National Endowment for the Arts
                                   
Discussant:
Carol Graham
Senior Fellow, Foreign Policy and Global Economy and Development Programs, Brookings Institution and Professor, University of Maryland School of Public Policy

Discussion and Audience Q&A

Conclusion

Michael Rushton
Associate Professor and Director of MPA and Arts
Administration Programs, School of Public & Environmental Affairs, University of Indiana
Co-Editor, Journal of Cultural Economics

[40:44]